Jonny on the weekly SPX KISS - the avg hold time is 230 days for all trades, 319 for winners, 123 for losers

for daily it's 58 days for all trades, 80 days for winners, 29 days for losers

that situation over in Israel as one of you commented about yesterday is a catalysts to spook the markets a bit at least in the short-term. I didn't read about it yesterday morning, I finally read all the headlines yesterday afternoon and WOW, what a catastrophe!  I do think Hamas overlayed their hand and Israel will have no choice but to obliterate Gaza, vs what has always happened in the past - there's some fighting and Israel eventfully backs off where they make some temporary cease fire truce - again even though Hamas will never accept it for longer term and cannot be appeased - they would only be happy if Israel was totally gone - so how can you negotiate with a group like that. 

As far as the markets, there really should be no correlation between Israel and Hamas, however that's not how markets work - based on emotion and the market doesn't like uncertainty.  

I was looking for a pullback anyway, I'm still under the mindset that a pullback will form a higher low and will be a buying opportunity - I still lean to the probability that we put in a trade low last week-  however it's also very possible that the bounce is still just a wave 4 and needs that wave 5 down; remember the 200 MA was almost touched on the SPX

anyway looking at a gap down at the moment with what the betting futures are showing - at the moment about -1/2 % gap down if this holds

https://www.ig.com/en/indices/markets-indices/weekend-wall-street